2023 Phosagro Integrated Report

STATEMENT of the

CHAIRMAN
and the CEO

In 2023, PhosAgro stayed true to the priorities set out in its long-term development strategy. With an ongoing focus on production expansion and substantial capital investments, the company continued to deliver dynamic growth, consistent improvements in production efficiency, and strong operating results, all while maintaining a steadfast commitment to sustainability and corporate social responsibility.

Victor Cherepov

Also in the statement

PhosAgro has a history of setting industry records. What milestones has the Company reached in the reporting year?

How is the Company performing in the area of corporate governance?

Now that we have discussed the G component of your ESG practices, what are the achievements in the E and S domains?

What are you expectations for PhosAgro in 2024?

All questions and answers

in 2023, despite the continued external turbulence, PhosAgro once again demonstrated resilience in the face of challenges and the ability to set new operating and financial records. This was made possible through the concerted teamwork of our skilled professionals, our flexible business model, and a well-thought-out comprehensive strategy.

During the year, we went ahead with our development plans, upgraded and constructed production facilities, tapped into new markets, and unveiled new products. In all our endeavours, we remained committed to supplying the Russian market, which is our unchanging priority, as well as some 100 countries globally with high-quality, efficient, and eco-friendly mineral fertilizers.

Mikhail Rybnikov

Also in the statement

2023 was a year of transformation for many companies as they continued to revamp operational processes and reconsider business models. What was the year like for PhosAgro?

How is PhosAgro doing in terms of progress against its investment programme?

How has the Company’s product portfolio been evolving?

How did the geography of the Company’s sales change in 2023?

All questions and answers

INVESTMENT CASE

AND CREDIT RATINGS